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Final151-171-07 - Econ 171/EEP 151 Fall 2007 Alain de...

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1 9/24/08 Econ 171/EEP 151 Alain de Janvry Fall 2007 Melissa Hidrobo, Lourdes Rodriguez Final Examination Three hours. Scores add up to 100 points. 40% of course grade. Use back side of page if needed. Your name:___________________________________ Your SID_________________________________ Part I. Define 8 out of the following 10 concepts. 5 points each for a total of 40. In each case, give a definition of the concept that explains what it means. Do not answer more than 8. Use only a few sentences and a graph or formula if needed. 1. EOI strategy 2. Nominal protection coefficient 3. Real exchange rate 4. Type I error in targeting 5. Fair Trade 6. Infra-marginal food transfer 7. Adverse selection 8. Rent seeking in lobbying for a tariff 9. Price band on the labor market 10. Open access resource Part II. Say if true or false, briefly explain why, and give an example . Select any 5 of the following 6 statements (6 points each, for a total of 30 points) (Do not answer more than 5) 1. If there is an inverse relation between TFP (or yield) and farm size, a redistributive land reform that breaks large farms into family farms can be win(efficient)-win(equitable).
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